Fitch had four locations in Oklahoma and Texas.
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Latest In Airgas
Airgas expands in the South with 16-location acquisition.
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Same-store sales for the gases distributor fell 19% during the quarter.
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Airgas, Inc., Radnor, PA, a U.S. distributor of industrial, medical, and specialty gases, and welding, safety, and related products, reported sales for the first quarter ended June 30, 2009, were $1.0 billion, down 12% from the prior year. Profit declined 20.4% to $54.8 million.
Same-store sales declined 17%, with hardgoods down 27% and gas and rent down 10%. Acquisitions contributed 5% sales growth in the quarter.
"Sales were consistently at the low end of our expectations throughout the quarter, and demand continues to be weak across most customer segments," CEO Peter McCausland said. "Manufacturing has shown the deepest declines, analytical and utilities have shown some resilience, and our medical sales posted positive …
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Airgas, Inc., Radnor, PA, a U.S. distributor of industrial, medical, and specialty gases, and welding, safety, and related products, reported sales of $992 million for fourth quarter ended March 31, 2009, down 9% from the prior year. Profit declined 12.4% to $56.5 million. Same-store sales declined 13% in the quarter.
For the full year, sales increased 8% to $4.3 billion. Acquisitions contributed 7% sales growth in the year, while total same-store sales grew 1%, with hardgoods down 4% and gas and rent up 4%. Airgas completed 14 acquisitions in fiscal 2009. Profit increased 16.9% to $261 million.
"The current environment puts a damper on what was a record year for Airgas in earnings and cash flow, but we’re using this time to strengthen our operations so that …
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Airgas, Inc., Radnor, PA, a U.S. distributor of industrial, medical and specialty gases, and welding, safety and related products, today sales of $1.1 billion for the third quarter ended Dec. 31, 2008, an increase of 7% from the prior year. Profit grew 10.7% to $62.9 million.
"Our strategic products, which have favorable long-term growth profiles and represent about 40% of sales, posted 4% organic growth in the quarter," CEO Peter McCausland said. "The second half of the quarter was characterized by widespread slowing across most of our customer segments, with relative strength in the medical, analytical, and food and beverage segments.
For the first nine months, sales increased 14.7% to $3.36 billion. Profit was $204.6 million, an …
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Airgas, Inc., Radnor, PA, has acquired Great Lakes Oxygen, also doing business as Welder’s Supply, Westside Welders Supply, Great Lakes Propane, and Lake Erie Iron and Metal.
Great Lakes Oxygen, a distributor of industrial gas and welding supplies, generates annual sales of more than $15 million through locations in Cleveland, Painesville and Brook Park, OH. Facilities include retail showrooms, warehouses, fill plants, a specialty gas laboratory and an acetylene plant.
Since the beginning of its fiscal year in April, Airgas has completed 13 transactions with acquired annual revenues of more than $200 million.
Airgas is a U.S. distributor of industrial, medical, and specialty gases, and hardgoods, such as welding equipment and supplies. Airgas is also …
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Airgas, Inc., Radnor, PA, has acquired California-based Gordon Woods Industrial Welding Supply, Inc., Accu Air Gases &Equipment, LP and Summit Gas &Gear, LP. The three companies are related but separately managed industrial gas and welding supply distributorships with combined annual revenues of $25 million through 10 locations in southern California.
All three businesses are now part of the Airgas West regional company.
In a separate transaction, Airgas has acquired TexAir Welding Supply, Ltd., an industrial gas and welding supply distributor with $5 million in annual revenues through branch locations in Henderson, Longview and Mount Pleasant, TX. The company will be integrated into Airgas Mid South.
In addition to Gordon Woods and …
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Airgas, Inc., Radnor, PA, a U.S. distributor of industrial, medical and specialty gases, and welding, safety and related products, reported sales for the second quarter ended Sept. 30, 2008, were $1.2 billion, up 15% from the prior year. Profit increased 44% to $72.8 million.
Sales for the first six months of the fiscal year increased 18.5% to $2.3 billion, in a year-over-year comparison. Profit was $141 million, up 38.5%.
Acquisitions contributed 7% to the quarterly increase, and total same-store sales grew 8%, with gas and rent up 12% and hardgoods up …
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Airgas, Inc., Radnor, PA, reported sales of $1.1 billion for the first quarter ended June 30, 2008, an increase of 22% over the prior-year quarter. Profits grew 33% to $68.9 million.
Acquisitions contributed 15% to the increase, and total same-store sales grew 7% in the quarter, with hardgoods up 6% and gas and rent up 7%. Strategic product categories, focused on healthcare, life sciences, research, environmental, and food and beverage markets, posted 10% organic growth in the quarter.
Airgas, Inc. is a U.S. distributor of industrial, medical, and specialty gases, and hardgoods, such as welding equipment and supplies. …
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Radnor, PA-based gases distributor and supplier Airgas, Inc. announced that beginning Aug. 1, 2008, or as contracts permit, it will raise prices on gases and equipment. Prices will increase, on average, 20% for bulk and cylinder acetylene, argon, and hydrogen; 15% for bulk and cylinder oxygen, nitrogen, carbon dioxide, helium, and specialty gases; and 15% for cylinder and bulk equipment rental fees.
Prices will also increase for hardgoods and safety supplies, and delivery and other service charges.
Airgas attributed the increases to jumps in product costs from suppliers and rising operating costs at plants and distribution facilities, driven by raw material, energy, electricity and labor costs. Rising metal prices are also driving up costs for cylinders, …
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Gases distributor Airgas, Inc., Radnor, PA, has agreed to buy Refron Inc., a reseller and distributor of refrigerants that also provides technical services and refrigerant reclamation services. Refron had $93 million in revenues in 2007.
Refron, Long Island City, NY, will continue to go to market as Refron, and will be integrated with Airgas’ existing refrigerant and reclamation business into a new company, Airgas Refrigerants, Inc.
Chuck Broadus, president of Airgas Specialty Products, has been named president of Airgas Refrigerants.
Refron has more than 70 stocking locations in the …
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Airgas, Inc. Radnor, PA, has agreed to buy Energy Safety Services Inc., doing business as Oilind Safety. The provider of rental safety equipment and safety services had $21 million in sales in 2007.
Oilind Safety, which is based in Phoenix, AZ, will operate as a stand-alone company within a new Airgas organization that includes construction and rental businesses.
Oilind Safety has 16 locations, mostly in the Western U.S.
Oilind Safety provides rental safety equipment, such as fall protection, breathing air and gas monitoring systems, and safety management services for audits, training and emergency response planning.
Airgas, Inc. is a U.S. distributor of industrial, medical, and specialty gases, and hardgoods, as well as safety products, …
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Airgas, Inc., distributor of industrial, medical, and specialty gases, welding, safety, and related products, reported sales in its fiscal 2008 were up 25% to $4 billion, with same-store sales growth of 7%.
Airgas made 18 acquisitions in fiscal 2008, adding more than $500 million in annualized revenue, including Linde’s U.S. packaged gas business, which added $346 million.
These transactions helped us enhance our core business and extend our product lines, with acquisitions in packaged gases and welding products, safety products, ammonia, and refrigerants,”said CEO Peter McCausland.
Fourth quarter sales grew 27% from the prior year to $1.1 billion, with acquisitions contributing 17% of the growth. Total same-store sales increased 8% in the quarter, …
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Airgas, Inc., Radnor, PA, has acquired A&N Plant, a European-based supplier of new and reconditioned rotating, positioning, and welding equipment for sale and rent. The business had sales of $20 million for the year ended June 30, 2007.
The acquisition creates a new business unit of Red-D-Arc Limited, an Airgas company, a provider of welding, positioning, and related rental products and services in North America.
A&N Plant has an office in Old Amersham, Buckinghamshire, and facilities in St. Helens, Merseyside, England, and in Stellendam, The Netherlands. It operates in Europe, Asia, and the Middle East, serving a diverse customer base in offshore and onshore oil and gas, petrochemical, power generation, environmental, industrial plant, and steel fabrication …
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Airgas, Inc., Radnor, PA, has acquired Northeast Gas Technologies Ltd., Albany, NY-based distributor of industrial, medical, and specialty gases and related supplies. The business, with five locations in upstate New York and Vermont, generated $10 million in revenues in 2007.
The acquired operations have been integrated into Airgas East, one of the regional companies within Airgas. The operations include a headquarters and industrial fill plant in Albany, NY, with branches in Vestal, Ithaca, and Hyde Park, NY, as well as Rutland, VT.
Airgas East, Salem, NH, includes more than 100 retail branches, 40 cylinder fill plants, and 11 ISO 9000 series certified specialty gas laboratories. Airgas East serves New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, …
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Airgas, Inc., Radnor, PA, has acquired Merriam-Graves Corp., an independent distributor of industrial, medical, and specialty gases and related supplies operating in 25 locations in New England and New York.
The acquired business generated $47 million in revenues in 2007.
Merriam-Graves was integrated into Airgas East, one of the regional companies within Airgas. The acquired operations include a headquarters, industrial fill plant, specialty gas laboratory, and central hardgoods warehouse in Charlestown, NH, plus six other locations in New Hampshire, six locations in Vermont, five locations in Massachusetts, five locations in Connecticut, and two in New York.
Airgas East, Salem, NH, includes 86 retail branches, 40 cylinder fill plants, and 11 ISO …
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Airgas, Inc., distributor of industrial, medical, and specialty gases, and welding, safety, and related products, reported sales of $1 billion in the third quarter ended Dec. 31, 2007, an increase of 28% from the prior-year period. Profit for the quarter was $56.8 million, compared with $32.5 million in the prior year.
Acquisitions contributed 21% to sales growth. Total same-store sales increased 7%, with hardgoods up 6% and gas and rent up 8%. The company’s strategic product categories, including bulk, medical and specialty gases, safety products, and carbon dioxide, posted 11% organic growth in the quarter. These product categories now account for 40% of total company revenues.
This was our second quarter with more than $1 billion in sales, demonstrating the …
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Airgas, Inc., Radnor, PA, has acquired Pima Welding Supply, Inc., an industrial gas and welding supply distributor in Tucson, AZ. The business has been integrated into Airgas West, one of the regional companies within Airgas.
Pima, which had annual sales of nearly $5 million in the 12 months ended June 30, 2007, provides Airgas West with an industrial cylinder fill plant that will help improve service to customers in the Tucson area. The second location, a retail store, will provide a presence on the north side of Tucson.
Airgas is a U.S. distributor of industrial, medical, and specialty gases, and hardgoods, such as welding equipment and supplies, safety products, nitrous oxide and dry ice, liquid carbon dioxide, process chemicals, refrigerants and …
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Airgas, Inc., Radnor, PA, has acquired Smith Welding Supply &Equipment, Inc. and its affiliated company, Bayer Welding Supply, LLC. Six locations in the Detroit area have been integrated with Airgas Great Lakes, one of the regional companies within Airgas.
Smith and Bayer had combined annual sales of $16 million in calendar year 2006. Its central industrial gas fill plant in Ferndale, MI, supported branches in Wixom, Clinton, Detroit, and Auburn Hills, plus a location in Warren operating as Bayer Welding.
Airgas has also acquired Pacific Diazo Products Inc., Colton, CA, a distributor of aqua ammonia, anhydrous ammonia and related products and services. Pacific Diazo has been integrated into Airgas Specialty Products, a distributor of industrial ammonia …
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